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Sevi Secures Investment from Renew Capital to Transform FMCG Financing in Kenya

Kenyan fintech firm Sevi , operating under the regulation of the Central Bank of Kenya , has secured fresh investment from Renew Capital . This funding advances Sevi’s goal of transforming stock financing for wholesalers and retailers with its groundbreaking “stock now, pay later” solution.

Sevi’s platform addresses a critical issue for small and medium-sized enterprises (SMEs) in the fast-moving consumer goods (FMCG) sector: limited access to working capital. Using its mobile app, Sevi allows retailers to purchase inventory on credit with a one-week repayment plan, while suppliers like Coca-Cola , Anytime, and Philmed benefit from immediate, upfront payments for their goods.

“Our goal is to support wholesalers and retailers by offering the working capital they need to scale their businesses,” said Walter aan de Wiel, Sevi’s co-founder. “With our app, retailers can obtain inventory on credit with flexible repayment, allowing them to focus on growth, while suppliers enjoy the advantage of immediate payments.”

Sevi utilizes artificial intelligence (AI) and machine learning to optimize its credit assessment processes. By harnessing data-driven analytics, the platform reduces risks and facilitates smooth credit transactions among suppliers, retailers, and financial institutions.

Renew Capital, an impact investment firm specializing in Africa, recognized Sevi as a game-changer in the FMCG industry. “Sevi addresses a vital working capital challenge in the FMCG sector,” stated Calvin Chitangala, Investment and Project Manager at Renew Capital. “Their platform streamlines stock financing, making it more accessible and efficient, enabling businesses to scale rapidly.”

The funding will enable Sevi to strengthen its technological infrastructure, grow its supplier and retailer network, and promote financial inclusion for SMEs across Kenya. Renew Capital’s backing, supported by its partnership with Global Affairs Canada, underscores a commitment to sustainable social impact alongside financial growth.

The funding for Sevi reinforces Renew Capital’s history of supporting high-potential African startups. Its portfolio features companies like Tunisia’s Konnect , Morocco’s Agenz , Ethiopia’s ChipChip , and Kenya’s BuuPass . By pairing financial investment with hands-on operational support, Renew Capital seeks to foster sustainable growth across its ventures.

Established in 2018 by Walter aan de Wiel and Bartel Verkruijssen, Sevi offers an intuitive mobile app designed for sales agents and customers. The platform simplifies access to credit for stock purchases, streamlines repayments, and supports business growth. Leveraging advanced AI and machine learning, Sevi delivers accurate credit assessments, enhancing trust and efficiency throughout the supply chain.

Renew Capital is an Africa-focused impact investment firm dedicated to driving economic growth and social change. Supported by its network of angel investors, foundations, and family offices—collectively known as Renew Capital Angels—the firm invests in innovative businesses with high potential for both financial success and social impact. Its diverse portfolio highlights a commitment to fostering entrepreneurship and sustainable development across the continent.

Renew Capital’s recent investment in Sevi reinforces its commitment to bridging key market gaps and fostering sustainable growth for businesses across Africa.

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Written by Grace Ashiru

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